Bank of America Q1 Revenue Up 7% to $30.3B with EPS +25%
Bank of America reported Q1 revenue rose 7% year-over-year to $30.3 billion with EPS up 25% to $1.11. Net interest income climbed 9% to $15.9 billion while share repurchases reached $7.2 billion.
1. Revenue and Earnings Growth
Bank of America generated Q1 revenue of $30.3 billion, up 7% year-over-year, driven by growth across all business segments. Earnings per share rose 25% to $1.11, reflecting strong net interest and noninterest revenue performance.
2. Income, Expenses, and Ratios
Net interest income increased 9% to $15.9 billion while noninterest expense grew 4% to $18.5 billion. The efficiency ratio improved by 170 basis points to 61%, and operating leverage reached 290 basis points for the quarter.
3. Capital Returns and Balance Sheet
The bank paid $2 billion in common dividends and repurchased $7.2 billion of shares. Deposits exceeded $2 trillion, up 3%, average loans grew nearly 9%, and return on tangible common equity stood at 16%.